STREAMING VIDEO – AUSTRALIA

Nine shoots higher as investors talk break-up

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Original article by Valerina Changarathil
The Australian – Page: 18 : 8-Jan-25

Nine Entertainment Company’s shares fell by 39 per cent in calendar 2024; however, the stock rose 5.6 per cent t to $1.32 on Tuesday, amid speculation that the diversified media group could be broken up. The recent emergence of Tanarra Capital on Nine’s share register has boosted such speculation; Tanarra is headed by John Wylie, who has successfully advocated for changes at companies such as Lendlease.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TANARRA CAPITAL PTY LTD

Sneesby had to go: top Nine investor

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Original article by Cameron England
The Australian – Page: 13 & 16 : 13-Sep-24

Nine Entertainment Company has advised that CEO Mike Sneesby will step down at the end of September, after more than three years in the role. Nine’s chief finance and strategy officer Matt Stanton will become acting CEO until the media company appoints a permanent replacement. Reece Birtles from institutional investor Martin Currie says Sneesby’s departure was not unexpected, given the challenges that Nine is facing; they include revenue growth, cultural issues and concerns about its Domain property listings business. Nine’s market capitalisation has fallen below $2bn, compared with more than $5bn when Sneesby became CEO in April 2021.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

Foxtel, NRL, AFL face US privacy suit

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Original article by Max Mason
The Australian Financial Review – Page: 1 & 19 : 21-Aug-24

Pay-TV group Foxtel has been accused of breaching the US Video Privacy Protection Act by using Meta’s tracking pixel to send targeted advertising to people outside of Australia who subscribe to its streaming video services. The AFL and the NRL have also been named as defendents in two separate class actions, which are being heard by the US District Court of California. The class actions centre on allegations that the Watch AFL and Watch NRL websites use the tracking pixels to send data to Facebook about the content the user is watching, even if they are not logged into the social media site.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, DISTRICT COURT OF UNITED STATES

Why this could be Murdoch’s last chance to sell Foxtel

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Original article by Elizabeth Knight
The Sydney Morning Herald – Page: Online : 13-Aug-24

Foxtel had been estimated to be worth between $1.2bn and $2bn when an IPO was being considered in 2021. However, an IPO now appears to be highly unlikely, and selling Foxtel may be the best option for News Corp and Telstra. Foxtel’s traditional pay-TV business now boasts about 1.2 million subscribers, well below the peak of 2.9 million in 2015; retaining as many of these customers as possible could be crucial to getting a decent price for Foxtel, given that they pay an average of $90 per month. Foxtel’s own streaming services Kayo and Binge have much lower monthly revenue per customer, and their subscriber growth is also slowing amid growing competition in the streaming sector.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, KAYO SPORTS, BINGE

Streaming ad revenue set to eclipse TV

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 17 : 30-Jul-24

A report from PwC notes that revenue across Australia’s media industry has risen to $62.3bn in the last year, although growth in revenue slowed from 6.6 per cent to just 2.8 per cent. Meanwhile, PwC estimates that digital revenue now accounts for 70 per cent of advertising spending in the media sector, compared with 54 per cent in 2019; the firm has also forecast that this will increase to 79 per cent by 2028. PwC in turn expects advertising revenues from traditional TV broadcasts to fall to around $3.5bn by 2028, while revenue from subscription and ‘catch-up’ services is forecast to rise to a similar level within four years.

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PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

Free TV networks push for anti-siphoning laws to include streaming services

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Original article by Parker McKenzie
The New Daily – Page: Online : 14-May-24

Australia’s free-to-air networks have joined forces to launch the ‘Free for Everyone’ advertising campaign. The networks are urging the federal government to update the nation’s anti-siphoning laws to specifically include streaming services. They argue that the existing laws only guarantee that major sporting events are broadcast on linear TV rather than the streaming platforms of FTA networks, and at present there is nothing to prevent companies such as Netflix from buying the exclusive digital broadcasting rights to flagship events. The networks note that many consumers now watch broadcast TV via the internet rather than using a traditional aerial.

CORPORATES
NETFLIX INCORPORATED

Why Foxtel faces its streaming apocalypse

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 15 : 26-Apr-24

Foxtel boasted annual earnings of nearly $1bn a decade ago, when nearly one in every three households had a pay-TV subscription. However, Foxtel has been hard hit by competition from subscription video-on-demand services. Analysts expect Foxtel’s earnings to fall to about $390m in the 2026 financial year, while its own streaming platforms will lose key HBO content if Warner Bros Discovery proceeds with plans to launch its own SVOD service in Australia. Foxtel CEO Patrick Delany says the company is now essentially two separate businesses, focused on streaming and its legacy pay-TV operations. Foxtel’s 3.1 million SVOD users account for 66 per cent of its customer base, but just 23 per cent of group revenue; in contrast, its 1.5 million pay-TV customers contribute 63 per cent of revenue.

CORPORATES
FOXTEL MANAGEMENT PTY LTD

Streaming quotas may violate FTA

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Original article by Jared Lynch
The Australian – Page: 22 : 6-Feb-24

The federal government is under renewed scrutiny over its plans to impose local content requirements on streaming video services, which are largely based in the US. The Computer & Communications Industry Association has warned that local content quotas could constitute a breach of the free-trade agreement between Australia and the US. Amazon in turn notes that some of its TV shows and documentaries that are filmed in Australia will not qualify as local content because they were not produced under the complete control of Australians. Amazon adds that a quota system would increase production costs.

CORPORATES
COMPUTER AND COMMUNICATIONS INDUSTRY ASSOCIATION, AMAZON.COM INCORPORATED

Amazon snaps up key cricket rights

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Original article by Zoe Samios
The Australian Financial Review – Page: 16 : 5-Dec-23

Amazon Prime Video has secured an exclusive deal with the International Cricket Council. The deal includes the Australian broadcasting rights for the Cricket World Cup, the T20 World Cup and the World Test Championship Final until 2027. Data from OzTAM shows that the Nine Network’s recent coverage of the 2023 Men’s World Cup final in India was watched by more than 1.6 million people nationwide; the final also attracted record viewer numbers on Foxtel and its Kayo Sports streaming service. World Cup and Championship matches are not subject to the anti-siphoning list unless they are played in Australia or New Zealand.

CORPORATES
AMAZON PRIME VIDEO, INTERNATIONAL CRICKET COUNCIL, OZTAM PTY LTD, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS

SBS bets on customer choice to lure viewers as it offers block on gaming, booze and fast food ads

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Original article by Sophie Elsworth
The Australian – Page: 17 : 1-Nov-23

Public broadcaster SBS will allow allow users of its streaming video service to opt out of seeing advertisements for betting companies, alcoholic beverages and quick service restaurants. SBS On Demand viewers who chose to block such content will instead see ads for other products and services. SBS MD James Taylor says viewers have always had complete control over what they watch on SBS On Demand, and they will now have greater control over the ads they see. He expects other TV networks to consider a similar move. The federal government plans to impose greater restrictions on gambling advertisements.

CORPORATES
SPECIAL BROADCASTING SERVICE (SBS)